The Riksbank is reviewing the idea of the launch of the cryptocurrency called e-krona. The bank has recently planned to come up with the currency’s design so that it can be tested. Project to unveil the value-based e-krona would probably get stored in card format or mobile application or both. The users would also be able to track the transactions.
The Riksbank, the central bank in Sweden is approaching to launch a national cryptocurrency under the name ‘e-Krona’. The HSBC economist, James Pomeroy exposed a research note that emphasized, “The so-called e-Krona will have to be able to be used for small purchases, as a claim on the Riksbank and be accessible by companies, individuals and financial institutions at all times.”